German Economy Grows 0.5% in First Quarter

German GDP grew 0.5% in seasonally, price and calendar-adjusted terms in the first quarter compared with the fourth quarter of last year, according to final figures from the Federal Statistics Office.

The announcement confirmed preliminary data released on May 15.

On a year-on-year basis, first-quarter GDP was up 3.3% in unadjusted terms and was 3.6% higher after adjusting for calendar effects. This also confirmed the preliminary results.